A longtime HFF broker and managing director has left to join Berkadia in South Florida.
Jaret Turkell, a former HFF managing director, is now senior managing director of investment sales at Berkadia, working out of the brokerage’s Miami and Boca Raton offices, according to a release. He was with HFF for 12 years.
In March, JLL announced it would be acquiring HFF for $2 billion, a deal expected to close in the third quarter.
Turkell said that while he was sad to leave HFF, the opportunity to work with Berkadia is “huge,” he wrote via email. “They are the dominant debt/mortgage banking team in South Florida and are aggressively and rapidly looking to make their [investment sales] platform just as dominant. And that’s my goal!” he said.
Turkell has worked on deals valued at more than $7 billion over the course of his 15-year career in commercial real estate, according to a release. At HFF, he focused on multifamily and land sales, as well as raising joint venture equity for developments. He has also practiced real estate and land-use law.
His recent deals include representing Turner Multifamily Impact Fund in the $59 million purchase of a 405-unit apartment complex in Lauderhill; the $19.25 million sale of a lot on the former White Course in Doral to Greyster; and the $55 million sale of 400 Biscayne Boulevard in downtown Miami to Property Markets Group.